Theory of Value

An Axiomatic Analysis of Economic Equilibrium

The contribution of this short book consists in a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation. "There can be no doubt that it is an important landmark of economic theory."-F.H. Hahn.

"[This] beautiful and austere book . [is] an important landmark of economic theory."—F.H. Hahn, Journal of Political Economy
  "An immortal classic of twentieth century economics. Every economist should own a copy."—Robert Lucas, University of Chicago
Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.

Pages: 128

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